Top Lake Edward, MN Mortgage Lenders

RankLake Edward Mortgage LenderLake Edward Home Loans ProcessedLake Edward Home Loans ApprovedLake Edward Home Loans DeniedLake Edward Mortgage Median Loan to Income Ratio (LTR) for Approved LoansLake Edward Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,141 68%12%
  • 191%
  • (128,000 Loan / $67,000 Income)
  • 213%
  • (184,000 Loan / $86,000 Income)
2Us Bank 625 85%9%
  • 246%
  • (296,000 / $120,000)
  • 247%
  • (168,000 / $68,000)
3Jpmorgan Chase Bank 352 86%11%
  • 238%
  • (200,000 / $84,000)
  • 173%
  • (286,000 / $165,000)
4Affinity Plus Federal Credit U 260 67%6%
  • 164%
  • (51,000 / $31,000)
  • 208%
  • (156,000 / $75,000)
5Countrywide Bank Fsb 214 74%15%
  • 209%
  • (214,000 / $102,000)
  • 283%
  • (136,000 / $48,000)
6Bank Of America 204 70%13%
  • 218%
  • (208,000 / $95,000)
  • 238%
  • (100,000 / $42,000)
7Citimortgage 196 79%8%
  • 226%
  • (77,000 / $34,000)
  • 288%
  • (124,000 / $43,000)
8Riverwood Bank 133 74%11%
  • 213%
  • (141,000 / $66,000)
  • 268%
  • (328,000 / $122,000)
9Countrywide Home Loans 130 87%8%
  • 259%
  • (135,000 / $52,000)
  • 200%
  • (120,000 / $60,000)
10Citibank 101 72%10%
  • 165%
  • (220,000 / $133,000)
  • 97%
  • (75,000 / $77,000)
11American National Bank Of Minn 96 77%10%
  • 169%
  • (175,000 / $103,000)
  • 485%
  • (97,000 / $20,000)
12Mortgage Guaranty Insurance Co 82 78%6%
  • 280%
  • (252,000 / $90,000)
  • 318%
  • (236,000 / $74,000)
13Us Bk Na Nd 77 55%31%
  • 136%
  • (79,000 / $58,000)
  • 203%
  • (120,000 / $59,000)
14United Guaranty Corporation 73 78%4%
  • 223%
  • (170,000 / $76,000)
  • 152%
  • (149,000 / $98,000)
15Us Bank North Dakota 68 38%42%
  • 166%
  • (105,000 / $63,000)
  • 229%
  • (900,000 / $393,000)
16Wells Fargo Funding 57 100%0%
  • 265%
  • (417,000 / $157,000)
0
17Frandsen Bank & Trust 56 64%12%
  • 176%
  • (152,000 / $86,000)
  • 388%
  • (35,000 / $9,000)
18Quicken Loans 55 65%27%
  • 396%
  • (416,000 / $105,000)
  • 303%
  • (176,000 / $58,000)
19Bell America Mortgage Llc Dba 55 65%3%
  • 243%
  • (417,000 / $171,000)
  • 388%
  • (163,000 / $42,000)
20Phh Mortgage Corporation 53 73%5%
  • 185%
  • (308,000 / $166,000)
  • 275%
  • (157,000 / $57,000)

Lake Edward, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 6,079
  2. Loan Applications Denied: 860
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 4,222
  5. % of Loan Applications Originated 69

Lake Edward, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral12
Debt-to-income ratio9
Credit history7
Credit application incomplete3
Unverifiable information2

Lake Edward, MN Mortgage Loans Processed & Denied Applications by Loan Amount

Loan Amount Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,0001,145 6317
$100,000 - $300,0003,959 7012
$300,000 - $500,000859 7013
$500,000 - $1,000,00097 5027
$1,000,000 - $1,500,00014 6421
$1,500,000 - $2,000,0003 033
> $2,000,0002 5050

Lake Edward, MN Home Loans Processed & Denied Applications by Income Level

Income Levels Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,0003,989 6615
$100,000 - $300,0001,790 7211
$300,000 - $500,000195 728
$500,000 - $1,000,00080 7020
$1,000,000 - $1,500,00013 847
$1,500,000 - $2,000,0004 7525
> $2,000,0008 8712

Loan to Income Ratios Research for Mortgage in Lake Edward, MN

Loan to Income Ratio (Loan Amount as a Percentage of Income Levels) Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
0 - 30%14764 19
30 - 60%26368 17
60 - 100%51269 12
100 - 200%1,70973 10
200 - 300%1,58169 13
300 - 400%1,08169 14
> 400%78657 23

Lake Edward, MN Home Owner Occupancy Type Mortgage Data

Owner Occupancy Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
Owner-Occupied As A Principal Dwelling4,420 6715
Not Owner-Occupied As A Principal Dwelling1,587 7511
Not Applicable11 549

Home Owner Property Type Statistics in Lake Edward, MN for Home Loans

Property Type Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
One-To-Four Family Dwelling (Other Than Manufactured Housing)5,620 6914
One To Four-Family329 813
Manufactured Housing130 5718
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